Lamp Market Growth and Upcoming Trends Forecast to 2030

Global Lamp Market was valued at USD 50.91 Bn. in 2023. Global Lamp Market size is expected to grow at a CAGR of 4.67 % through the forecast period. Lamp Market Overview: High-intensity and fluorescent lamps are the two types of lamps. Fluorescent lamps are mercury vapor lamps that emit visible light through fluorescence. They include a glass tube, mercury, a small amount of inert gas, phosphorus coating, and a pair of electrodes. Fluorescent lamps save between 25 and 35 % of electricity. Furthermore, as compared to incandescent or halogen bulbs, they emit less heat.